Hudbay Minerals Inc to Issue Semi-Annual Dividend of $0.01 (TSE:HBM)

Hudbay Minerals Inc (TSE:HBM) (NYSE:HBM) announced a Semi-Annual dividend on Wednesday, February 21st, Zacks reports. Shareholders of record on Friday, March 9th will be paid a dividend of 0.01 per share by the mining company on Thursday, March 29th. This represents a yield of 0.1%. The ex-dividend date of this dividend is Thursday, March 8th.

Shares of TSE:HBM traded up C$0.52 during trading hours on Thursday, hitting C$9.12. The stock had a trading volume of 2,826,483 shares, compared to its average volume of 1,900,233. The company has a market cap of $2,660.00, a PE ratio of 10.86 and a beta of 2.51. Hudbay Minerals has a 1-year low of C$6.13 and a 1-year high of C$12.65.

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Hudbay Minerals (TSE:HBM) (NYSE:HBM) last issued its earnings results on Wednesday, February 21st. The mining company reported C$0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.34 by C($0.01). Hudbay Minerals had a net margin of 24.07% and a return on equity of 19.07%. The firm had revenue of C$526.00 million during the quarter, compared to analyst estimates of C$513.30 million.

Several equities analysts recently weighed in on the stock. Scotiabank dropped their price target on shares of Hudbay Minerals from C$14.50 to C$14.00 and set a “focus stock” rating on the stock in a research report on Thursday, February 22nd. National Bank Financial reaffirmed a “sector perform” rating on shares of Hudbay Minerals in a research report on Wednesday, January 17th. Eight Capital lifted their target price on shares of Hudbay Minerals from C$13.25 to C$13.75 in a research report on Friday, January 19th. CSFB dropped their target price on shares of Hudbay Minerals from C$12.00 to C$11.50 in a research report on Thursday, February 8th. Finally, BMO Capital Markets lifted their target price on shares of Hudbay Minerals from C$11.25 to C$12.00 in a research report on Tuesday, January 23rd. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of C$12.90.

In related news, insider Gmt Capital Corp sold 7,300 shares of Hudbay Minerals stock in a transaction that occurred on Wednesday, January 24th. The shares were sold at an average price of C$9.45, for a total value of C$68,985.00. Insiders sold a total of 97,700 shares of company stock worth $819,447 in the last ninety days.

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About Hudbay Minerals

Hudbay Minerals Inc is a Canada-based mining company. The Company is engaged in the production of copper concentrate, consisting of copper, gold and silver, as well as zinc metal. The Company is focused on the discovery, production and marketing of base and precious metals. The Company has assets in North and South America.

Dividend History for Hudbay Minerals (TSE:HBM)

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